Philippines: Pesticide Market 2024

Pesticide Market Size in the Philippines

The Philippine pesticide market stood at $X in 2022, surging by X% against the previous year. In general, consumption continues to indicate a buoyant increase. Pesticide consumption peaked in 2022 and is likely to see gradual growth in the near future.

Pesticide Production in the Philippines

In value terms, pesticide production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Pesticide Exports

Exports from the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of pesticides, when their volume decreased by X% to X tons. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, pesticide exports contracted markedly to $X in 2022. In general, exports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pesticide exports from the Philippines, accounting for a X% share of total exports. Moreover, pesticide exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. Singapore (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for pesticides exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average pesticide export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pesticide Imports

Imports into the Philippines

For the fourth consecutive year, the Philippines recorded growth in purchases abroad of pesticides, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2017 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pesticide imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2017 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest pesticide supplier to the Philippines, with a X% share of total imports. Moreover, pesticide imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of pesticides to the Philippines, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average pesticide import price amounted to $X per ton, which is down by X% against the previous year. Over the last five-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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